Forbes Foundation
- Assets
- $300.6k
- Revenue
- $16.8k
- Investments
- $295.5k
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 02/1998
- Data as of
- 12/2022
- EIN
- 31-1581540
Organization Overview
Forbes Foundation is located in Tulsa, OK. The organization was established in 1998. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forbes Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Forbes Foundation generated $16.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.6%) each year. All expenses for the organization totaled $34.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William D Andres Trustee | 3 | $4,024 | |
Elizabeth A Forbes Trustee | 1 | $1,341 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $9,375 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $7,381 |
| Capital Gain Net Income | $7,381 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $16,756 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,365 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $437 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $13,352 |
| Contributions, gifts, grants paid | $21,050 |
| Total expenses and disbursements | $34,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,122 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $300,625 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Forbes Foundation has awarded $21,050 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RED CROSS-TULSA AREA CHAPTER PURPOSE: CPR EDUCATION IN THE TULSA AREA | $500 |
CATHOLIC CHARITIES PURPOSE: SUPPORT THE PORTA CAELI HOUSE IN TULSA | $1,000 |
CATHOLIC DIOCESE OF TULSA PURPOSE: FAITH & WORKS 2022 | $500 |
CHURCH OF THE RESURRECTION PURPOSE: GENERAL OPERATIONS | $3,600 |
COMMUNITY FOOD BANK OF EASTERN OKLAHOMA PURPOSE: PROVIDE FOOD FOR THE NEEDY IN THE TULSA REGION | $600 |
LIFE SENIOR SERVICES PURPOSE: SUPPORT LIFE VINTAGE NEWSMAGAZINE FOR SENIORS | $200 |